STOCKS TO WATCH - Coal miner PT Adaro Energy Tbk cut its 2013capital expenditure to about $150 million-$200 million from $400million earlier, on concerns over the sluggish global coalmarket, according to a report by PT Bahana Securities. Thecompany is targeting 2013 coal output at 53 million tonnes, up12 percent from last year's 47.2 million tonnes. (BisnisIndonesia) - Property developer PT Alam Sutera Realty Tbk said its 2012 net profit jumped 98 percent to 1.19 trillionrupiah ($122.80 million) from a year earlier on revenue thatrose 77.5 percent to 2.45 trillion rupiah. (Bisnis Indonesia) - Car distributor PT Astra International-Daihatsu SalesOperation, a unit of PT Astra International Tbk, plansto add 15 car dealerships this year with at least 450 billionrupiah ($46.44 million) worth of investment, said ChiefExecutive Suparno Djamin. (Bisnis Indonesia, Investor Daily) - Sinarmas group plans to spend $550 million on capitalexpenditure this year that will be used to finance itsagriculture business run by holding company Golden AgriResources Ltd, said Daud Dharsono, chief executive ofa unit PT Sinarmas Agro Resources and Technology. Headded that the firm will use $200 million of its capex to expandits oil palm plantations by up to 45,000 hectares. (Kontan) - Indonesia's second-largest cement producer, PT IndocementTunggal Prakarsa, plans to spend between $260 millionand $320 million on investment this year to build threefactories in Citeureup, Pati and outside Java Island, and boostoutput by up to 10 million tonnes, said Finance Director Tju LieSukanto. (Kontan, Investor Daily) - Telecommunications company PT Smartfren Telecom plans to spend $400 million this year to add 2,000 basetransceiver stations (BTS) and expects to have 6,500 BTS by endof 2013, said co-CEO Djoko Tata Ibrahim. (Kontan) - Star Energy Geothermal Ltd, a unit of PT Star Energy, plans to issue a $350 million global bond with aseven-year tenure this month, to pay bond loans, according to areport by Euroweek. (Investor Daily)

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